Common use of Termination for Insolvency Clause in Contracts

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 110 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

AutoNDA by SimpleDocs

Termination for Insolvency. 26.1 The Procuring Entity purchaser may at any time terminate the Contract contract by giving written notice to the Supplier supplier if the Supplier supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Suppliersupplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring Entitypurchaser.

Appears in 48 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

Termination for Insolvency. 26.1 The Procuring Entity purchaser may at any time terminate the Contract contract by giving written notice to the Supplier supplier if the Supplier supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Suppliersupplier, provided that such termination will not prejudice or affect any right of action or remedy that remedy, which has accrued or will accrue thereafter to the Procuring Entitypurchaser.

Appears in 26 contracts

Samples: Tender Agreement, Enterprise Agreement for Portable Document Format and Drawing Standards, Supply and Maintenance Agreement

Termination for Insolvency. The Procuring Entity may at any time shall terminate the this Contract by giving notice to the Supplier if the Supplier becomes is declared bankrupt or otherwise insolventinsolvent as determined with finality by a court of competent jurisdiction. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityEntity and/or the Supplier.

Appears in 14 contracts

Samples: Lease Agreement, Service Level Agreement, Maintenance Agreement

Termination for Insolvency. 26.1 The Procuring Entity Purchaser may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityPurchaser.

Appears in 11 contracts

Samples: Rate Contract, Framework Contract, Framework Contract for Purchase of General Store Items

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser.

Appears in 10 contracts

Samples: Shopping Invitation to Quote, Shopping Invitation to Quote for Procurement, Shopping Invitation to Quote

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of rightof action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 9 contracts

Samples: Framework Agreement, Framework Agreement for Provision of Sanitary Services, Supply and Delivery Agreement

Termination for Insolvency. 26.1 The Procuring Entity Purchaser may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityPurchaser. 27.

Appears in 8 contracts

Samples: Rate Contract, Rate Contract, Rate Contract

Termination for Insolvency. 62.1 The Procuring Entity Purchaser may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Suppliersupplier, provided that such termination will not prejudice or not affect any right of action or remedy that remedy, which has accrued or will accrue thereafter to the Procuring EntityPurchaser.

Appears in 8 contracts

Samples: Tender Specification, Tender Specification, Tender Specification

Termination for Insolvency. The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 8 contracts

Samples: Framework Contract, Framework Contract for Purchase of Lab Items and X Ray Films, Framework Contract

Termination for Insolvency. 26.1. The Procuring Entity purchaser may at any time terminate the Contract contract by giving written notice to the Supplier supplier if the Supplier supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Suppliersupplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring Entitypurchaser.

Appears in 7 contracts

Samples: Framework Agreement, Organisational Design Specialist Service Agreement, Framework Agreement

Termination for Insolvency. 25.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one-month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entitythe

Appears in 6 contracts

Samples: Framework Contract, Framework Contract, Framework Contract for the Procurement of Local Purchase of Medicine/Surgical/Disposables

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser

Appears in 5 contracts

Samples: Conditions of Contract, Service & Maintenance Agreement, Service & Maintenance Agreement and Licensing

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityEntity Termination for Convenience.

Appears in 5 contracts

Samples: Tender Agreement, Framework Contract, Framework Contract

Termination for Insolvency. 1. The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier Service Provider if the Supplier Service Provider becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the SupplierService Provider, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency.

Appears in 4 contracts

Samples: Security Services Agreement, Janitorial Services Agreement, Data Center Maintenance & Support Service Level Agreement (Sla)

Termination for Insolvency. 26.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency.

Appears in 4 contracts

Samples: Tender Agreement, Tender Agreement, Tender Agreement

Termination for Insolvency. The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one-month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 4 contracts

Samples: Framework Contract, Framework Contract, Framework Contract

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity.

Appears in 3 contracts

Samples: Framework Agreement for Supply of Air Conditioners and Refrigeration Spares, Framework Agreement for Supply of Foodstuff, Framework Agreement for Supply of Detergents and Cleaning Materials

Termination for Insolvency. 25.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one-month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 3 contracts

Samples: Framework Contract for Repair & Maintenance Services of Vehicle, Framework Contract for Supply, Framework Contract

Termination for Insolvency. The Procuring Entity Contracting Institute may at any time terminate the Contract by giving written notice to the Supplier Supplier, if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that remedy, which has accrued or will accrue thereafter to the Procuring EntityContracting Institute.

Appears in 3 contracts

Samples: Annual Maintenance Contract, Annual Maintenance Contract, Operation & Comprehensive Annual Maintenance Contract

Termination for Insolvency. 18.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier Service Provider if the Supplier Service Provider becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the SupplierService Provider, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency

Appears in 3 contracts

Samples: Framework Contract for Proficiency Testing Services, Framework Contract for Calibration Services, Framework Contract for Procurement of Repair, Maintenance and Calibration Services

Termination for Insolvency. .1. The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency.

Appears in 2 contracts

Samples: Framework Contract, Framework Contract for Procurement

Termination for Insolvency. 4.21.1 The Procuring Entity may Bank may, at any time time, terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityBank.

Appears in 2 contracts

Samples: On Site Maintenance Contract, On Site Maintenance Contract

AutoNDA by SimpleDocs

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation withoutcompensation to the Supplier, provided that such termination will not prejudice or affect any right of rightof action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 2 contracts

Samples: Framework Agreement, Framework Agreement

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser 35.3

Appears in 2 contracts

Samples: Contract Agreement, Contract Agreement

Termination for Insolvency. 22.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one-month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 2 contracts

Samples: Framework Contract, Framework Contract

Termination for Insolvency. The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. insolvent In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency

Appears in 1 contract

Samples: Framework Contract

Termination for Insolvency. (a) The Procuring Entity Contracting Authority may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityContracting Authority.

Appears in 1 contract

Samples: Supply and Assembly Contract

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will terminationwill be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to thereafterto the Procuring Entity

Appears in 1 contract

Samples: Framework Agreement for Supply and Delivery of Working Tools

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract Framework Agreement by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 1 contract

Samples: Framework Agreement

Termination for Insolvency. The Procuring Entity agency may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entityagency.

Appears in 1 contract

Samples: Tender Agreement

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityEntity 34.3

Appears in 1 contract

Samples: Supply and Delivery Contract

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier Lessor if the Supplier Lessor becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the SupplierLessor, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 1 contract

Samples: Framework Contract for Lease of Trucks for Garbage Collection

Termination for Insolvency. The the Procuring Entity Agency may at any time terminate the Contract by giving written notice of one month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 1 contract

Samples: Framework Contract

Termination for Insolvency. The Procuring Entity Contracting Authority may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityContracting Authority.

Appears in 1 contract

Samples: Procurement Contract

Termination for Insolvency. 1. The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency.

Appears in 1 contract

Samples: Framework Contract

Termination for Insolvency. (a) The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 1 contract

Samples: Supply of It Equipment

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!